DIAGNOSTIC REVIEW

Many business owners assume their financial records are in good shape, but hidden issues can exist beneath the surface. A Diagnostic Review is the first and most crucial step in ensuring your books are accurate, organized, and compliant. This thorough financial assessment identifies errors, inefficiencies, and potential risks—even if you’re unaware of any existing problems. 

 A Diagnostic Review is a comprehensive evaluation of your bookkeeping and financial records. It helps uncover discrepancies, misclassified transactions, missing financial data, cash flow issues, and compliance risks. This process ensures that your books reflect the true financial health of your business, allowing for informed decision-making.

Even if your business appears financially stable, undetected issues can lead to costly mistakes, tax liabilities, and cash flow challenges. Here’s how a Diagnostic Review benefits your business:

✔ Uncover Hidden Errors – Identify discrepancies, misclassified transactions, missing expenses, and duplicate entries that may be skewing your financial reports.
✔ Assess Financial Health – Gain clarity on your cash flow, profitability, and tax obligations to prevent surprises and improve financial planning.
✔ Identify Inefficiencies – Pinpoint areas where bookkeeping processes may be slowing down growth or causing unnecessary expenses.
✔ Ensure Compliance – Confirm that your records align with accounting best practices, tax regulations, and industry standards.
✔ Improve Decision-Making – With accurate financial data, you can make informed business decisions, confidently plan for growth, and avoid unexpected financial pitfalls.

A Diagnostic Review is essential for:

• Businesses that have never had a professional review of their books.
• Companies experiencing unexplained cash flow issues or financial inconsistencies.
• Business owners preparing for tax season, audits, or seeking funding.
• Those looking to streamline bookkeeping and financial management

When you choose to undergo a Diagnostic Review, our experienced team will:

1. Analyze Your Financial Data:  Our team will carefully analyze your financial data to identify any discrepancies, errors, or inefficiencies. We will examine your balance sheets, income statements, general ledger, along with many other areas to assess the accuracy of your records, check for missing transactions, and evaluate cash flow trends.

2. Review Your Processes: We assess your bookkeeping methods to ensure they are efficient and compliant.

3. Findings Report: After completing the review, we’ll provide you with a detailed report highlighting our findings. This report will outline any concerns we’ve      identified and offer actionable recommendations. 

4. Provide Expert Guidance,  Next Steps & Tailored Solutions:   We’ll discuss the results with you and recommend a customized plan to address any issues. Whether it’s cleaning up your books, streamlining processes, or providing ongoing support, we’ll ensure you have a clear path forward. 

Once the Diagnostic Review is complete, we provide you with a detailed report outlining any issues found, along with recommendations for correction and improvement. If needed, we offer clean-up bookkeeping services to bring your records up to standard. 

This process ensures that you have a strong financial foundation moving forward.

By taking this proactive step, you eliminate uncertainty, reduce financial risks, and gain confidence in your business’s financial health. 

Let’s start with a Diagnostic Review to set your business up for long-term success.